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Shopping Regional

Alpine Square Shopping Center

2969 Pelham Pkwy, Pelham, AL 35124

Listing Price: $2,650,000

Cap Rate
8.49%
Gross SF
31,598
Rentable SF
31,598
Price/Gross SF
$83.87
Lot Size
2.73 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present for sale this multi-tenant retail/office shopping center located at 2969 Pelham Pkwy Pelham, AL. The property consists of an 2.73-acre parcel improved with an approximately 31,598-square foot building. Approximately 96% of the property is leased with 4% vacant. The property is situated on a corner with two points in ingress and egress which include access to Pelham Parkway. Alpine Square Shopping Center experiences daily traffic counts in excess of 31,000 vehicles per day. This regional shopping center includes tenants such as Molly Maids, South City Theater, Greater Agape Ministry, Regional Paramedics, as well as local tenants such as a photographer, medical professional and marketing company to name a few. Other notable tenants in the immediate trade area include Old Time Pottery, Advance Auto Parts, Chick-fil-A, and Whataburger.

Investment Highlights

  • 92% Occupied
  • Birmingham, AL MSA
  • High Income Demographics

Exclusively Listed By

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Regional

Alpine Square Shopping Center

Listing Price: $2,650,000

Cap Rate
8.49%
Gross SF
31,598
Rentable SF
31,598
Price/Gross SF
$83.87
Lot Size
2.73 acres
Year Built
1980

Investment Highlights

  • 92% Occupied
  • Birmingham, AL MSA
  • High Income Demographics

Investment Overview

Marcus & Millichap is pleased to present for sale this multi-tenant retail/office shopping center located at 2969 Pelham Pkwy Pelham, AL. The property consists of an 2.73-acre parcel improved with an approximately 31,598-square foot building. Approximately 96% of the property is leased with 4% vacant. The property is situated on a corner with two points in ingress and egress which include access to Pelham Parkway. Alpine Square Shopping Center experiences daily traffic counts in excess of 31,000 vehicles per day. This regional shopping center includes tenants such as Molly Maids, South City Theater, Greater Agape Ministry, Regional Paramedics, as well as local tenants such as a photographer, medical professional and marketing company to name a few. Other notable tenants in the immediate trade area include Old Time Pottery, Advance Auto Parts, Chick-fil-A, and Whataburger.

Exclusively Listed By

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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